Asian PTA markers fell US$4 a ton CFR China in the first week of September while the CFR Southeast Asia marker was down US$9 a ton. In China, offers were down by US$10, with no enquiries for arrived or to-arrive-at-port cargoes for the moment. Hengli Petrochemical issued self-lifting offer for bonded cargoes on one-day trip in Chinese main ports at US$625 a ton.
PTA price declines sharply in Asia
Asian PTA prices fell in the last week of August on ample supply as the assessment considered bid and offer levels for first-half September loading cargoes. PTA marker, the CFR China was down US$29 a ton on the week. Yisheng Petrochemical’s offers were down US$45 a ton with enquiry absent in the week. Hengli Petrochemical issued self-lifting offers were down US$10 a ton.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price in Asia faces the brunt of sluggish demand
Purified terephthalic acid prices in Asian markets slipped in the first week of August amid bearish downstream polyester markets as end-users remained sluggish, expecting the lack of buying interest to pressurize spot prices through August. Hengli Petrochemical made an announcement midweek that it was shutting two of its PTA units in China.
Related Keywords: Polyester prices, pta price in China, pta price in Europe, pta price in US, PTA prices, purified terephthalic acid prices
PTA prices moderate as plants issues in Asia fade away
Purified terephthalic acid prices moderated in Asian markets as the spate plants issues subsided slowly and attention was turned towards waning demand for PET and polyester. Market plants expect spot prices to fall further if demand does not pick up over July and August.
Related Keywords: Polyester prices, PTA prices, Purified terephthalic acid price in Asia, Purified terephthalic acid price in Europe, purified terephthalic acid prices
Polyester feedstock and intermediate prices on the rise despite China on holiday
Related Keywords: ethylene prices, MEG prices, mono ethylene glycol prices, paraxylene prices, Polyester price, PTA prices, purified terephthalic acid prices
Polyester feedstock – ethylene and paraxylene and intermediates – purified terephthalic acid and mono ethylene glycol, prices are moving up now. In the week ending 20 February, although the major producer and consumer China was on a long Lunar New Year holiday prices strengthened during the week. It all began with crude oil prices recording three consecutive weeks of gains, both US futures and European Brent. Since end of January, oil prices have gained 13 per cent on news of falling rig counts in US. This led to support to downstream derivative naphtha markets.
